A Major Whale Reduces 20,000 ETH Short Position, Current Holdings Valued at Approximately $110 Million

According to Jinse Finance, analyst Yu Jin has observed that an Ethereum trader with a 75% win rate closed out 20,000 ETH (approximately $68 million) in short positions today to cut losses. Previously, this trader held a total short position of 50,000 ETH, which shifted from an unrealized profit of $12.25 million yesterday to a loss of $840,000. Currently, the trader still holds 30,000 ETH in short positions, valued at about $110 million, with an entry price of $3,634 and a liquidation price of $3,701.